The OPEC member exports about 2 million barrels a day of crude, most of it to Asian countries such as China, South Korea, Japan and India
With the rate of urbanisation ramping up, the demand for more sustainable and carbon-neutral options for mobility is also increasing
The 2,060MW solar plant is set to be developed in Saudi Arabia’s Makkah province
West Texas Intermediate traded above $81 a barrel after a run of four daily gains
Many governments improved their electricity access policies, with Sub-Saharan Africa and Latin America and the Caribbean scoring the highest on this indicator
The company will build, own and operate the 500MW solar PV plant and 500MW wind farm in the country
The LNG will be sourced from two joint ventures between both entities that hold interests in Qatar’s North Field projects
The price of Super 98 has been reduced to Dhs3.30 per litre
Global markets are by some measures tight, with inventories in developed nations at the lowest since 2004
Adnoc will also accelerate its target for raising crude output capacity to 5 million barrels a day by 2027
The first cargo is currently being shipped aboard the Pacific Sarah tanker
The company is planning to sell 50 million shares, or a nearly 30 per cent stake
Crude has declined this month, overturning the gains made in October
Saudi Aramco is aiming to sell 50 million shares – a 29.7 per cent stake – in the company
COP28, which will be hosted in 2023 at Expo City Dubai, will welcome high-level participation including over 140 heads of state and government leaders, 80,000 delegates and more than 5,000 media professionals
The purchase agreements with local and global manufacturers are valued at $11bn, and will reinforce supply chain resilience
The agreement builds on the Masdar-Turkmenistan MoU signed last year for development of renewable energy projects
The liquified natural gas will be supplied from QatarEnergy’s North Field East expansion project to Sinopec’s receiving terminals in China
Oil prices have weakened this month on concerns about demand
The law aims to achieve the UAE’s objectives in terms of diversifying renewable energy sources and optimally utilising natural resources
The acquisition supports the company’s accelerated fleet expansion and growth strategy
A consortium that includes Abu Dhabi’s Masdar and Infinity Power Holdings will finish building the 10-gigawatt onshore plant by 2030
Last year, ACX was recognised as the ‘Best Carbon Exchange’ in Environmental Finance’s prestigious Voluntary Carbon Market Rankings
Oil is trading near the lowest level since September
In 2015, Masdar delivered the Tafila wind farm in Jordan, which increased the country’s total power capacity by 3 per cent
A total of 26 memorandums of understanding have been signed for cooperation on projects
The announcement comes on the heels of the two companies powering the first net-zero flight using Sustainable Aviation Fuel (SAF) via a Book & Claim system
Much of the gas for Aramco’s blue hydrogen will come from Saudi Arabia’s massive Jafurah field
The group revenue increased by 13 per cent to total Dhs1.66bn for the first nine months of the year
There are now more than 125 gigawatts of clean power under contract to large companies around the world